VinFast, the automotive arm of Vingroup, announced its participation in The Climate Pledge – a commitment to reach net-zero carbon emissions by 2040, co-founded by Amazon and Global Optimism.
As the first Vietnamese enterprise to sign the pledge, VinFast affirms its determination to contribute to sustainable development, the firm said in a statement.
The Climate Pledge is a commitment for companies, businesses, and organizations to take collective action on the world’s greatest crisis, and to work together to build a safe and healthy planet for future generations. Currently, more than 375 have joined the commitment worldwide.
Joining The Climate Pledge, VinFast and businesses pledged to reach net-zero carbon emissions by 2040, ten years earlier than the Paris Agreement (agreed at the UN Climate Change Conference 2015).
VinFast will strictly measure and report greenhouse gas emissions regularly; implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies; neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.
“VinFast is proud to become the first Vietnamese member of The Climate Pledge. This commitment will be a platform for positive activities, and important changes and demonstrate VinFast’s commitment to the environment,
“It is also an opportunity for us to engage in discussion on important global issues, motivating individuals and communities to continue their efforts for a greener and more sustainable future,” said Le Thi Thu Thuy, Vice Chairwoman of Vingroup and Chief Executive Officer of VinFast Global.
The Climate Pledge Programs and Partnerships Head Sarah Dimson-Tarauj said Vinfast has committed themselves to creating a future of conscious transport, and she is excited to collaborate with them and 375+ signatories of The Pledge to turn the climate crisis into climate action.
In production, VinFast builds optimal processes to reduce emissions, reuse as well as save water and energy, according to the statement.
Sustainability standards are also requirements and evaluation criteria of VinFast for partners and suppliers.
VinFast also works with leading research institutes and universities on new solutions to achieve zero carbon emissions. Furthermore, the battery subscription policy also helps VinFast recover old, expired batteries for disposal process following regulations, ensuring safety for the environment.
VinFast said Joining The Climate Pledge and joining hands to act with other environmentally caring individuals and organizations will help the firm move faster towards its sustainability goals, bringing a better life for everyone.
VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution.
Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.
Strongly committed to the mission for a sustainable future, the firm constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet.
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